Who We Are

Riyad Bank is one of the largest financial institutions in Saudi Arabia and the Middle East, with a strong corporate and retail banking franchise. Mobilizing its substantial capital base and with decades of expertise to assume a leading role in all areas of Saudi finance, Riyad Bank is a leading financier and arranger of syndicated loans in the oil, petrochemicals, and most of the Kingdom’s notable infrastructure projects. We offer our customers an accessible and expanded network of more than 330 branches, which includes 81 dedicated ladies branches, and 6 self-service electronic branches. A branch in London and Offices in Houston (USA), and Singapore help us support the international banking needs of our customers.

Our internet banking services (web-based and mobile apps) use the latest electronic technologies to address the banking needs of our customers. The bank has also kept its lead in the ATMs network, as the number of multi-functional ATMs is now more than 2,700 distributed in strategic & carefully selected locations.

Riyad Bank’s investment banking arm, Riyad Capital, is a leading player in the IPO advisory business and asset management in Saudi Arabia, having won numerous investment awards in categories ranging from “best mutual performance” to “best fund manager.”

Financial Performance

Riyad Bank achieved SAR 3,342 million net income for the year ended December 31, 2016 compared to SAR 4,049 million for the same period last year, a decrease of 17.5%. Total operating income reached SAR 7,702 million for the year ended December 31, 2016 compared to SAR 7,966 for the same period last year, a decrease of 3.3%.

Financial Strength

Total assets as at December 31, 2016 reached SAR 217,619 million compared to SAR 223,316 million as at December 31, 2015, a decrease of 2.6%. Customer deposits are lower by 6.7% to reach SAR 156,683 million as at December 31, 2016, against SAR 167,852 million as at December 31, 2015. Loans and Advances are lower by 1.5% and stood at SAR 142,909 million as at December 31, 2016 against SAR 145,066 million as at December 31, 2015.

Risk Rating

The international Fitch Ratings Agency maintained the short term issuer default rating (IDR) for the Bank at ‘F-1’, whereas ‘A’ rating is maintained for long term IDR.

Capital Intelligence Agency maintained the long term credit rating for the Bank at ‘AA-’ whereas ‘A1+’ rating is maintained for short-term liabilities.

Standard & Poor’s Rating Agency lowered its short-term liability rating for Riyad Bank to ‘A-2’ and long-term liability rating to ‘BBB+’.